Annual Report 2006-2007 - Gammon India

SCHEDULE 5
FIXED ASSETS
Rs. in Crores
GROSS BLOCK DEPRECIATION NET BLOCK
PARTICULARS
AS AT
31.03.2006
AS AT
31.03.2007
AS AT
31.03.2007
DEDUCTIONS/
ADJUSTMENTS IMPAIRMENT
FOR THE
YEAR
AS AT
01.04.2006
AS AT
31.03.2007
DEDUCTIONS /
ADJUSTMENTS
AS AT
01.04.2006 ADDITIONS REVALUATION
LEASEHOLD LAND 0.04 0.78 – 0.02 0.80 – – – – – 0.80 0.04
FREEHOLD PROPERTY 86.72 1.28 186.90 – 274.90 13.24 1.58 – – 14.82 260.08 73.48
PLANT AND MACHINERY 379.32 147.25 – 6.27 520.30 127.42 29.05 5.79 – 150.68 369.62 251.90
MOTOR VEHICLES 65.69 23.27 – 0.55 88.41 27.26 7.81 0.70 – 34.37 54.04 38.43
OFFICE EQUIPMENTS 10.23 1.58 – 0.01 11.80 4.35 0.88 – – 5.23 6.57 5.88
TOTAL 542.00 174.16 186.90 6.85 896.21 172.27 39.32 6.49 – 205.10 691.11 369.73
PREVIOUS YEAR 450.48 99.85 – 8.33 542.00 140.82 38.90 7.40 (0.05) 172.27 369.73 –
Add : CAPITAL WORK IN PROGRESS INCLUDING CAPITAL ADVANCES 10.37 7.31
701.48 377.04
53
NOTES :
1. Total of Gross Block of Fixed Assets includes cost of Fixed Assets at Foreign Sites Rs. 25.05 Crore (Previous Period Rs. 24.72 Crore).
2. Freehold Property includes cost of Freehold Land Rs. 3.56 Crore. (Previous Period Rs. 3.56 Crore).
3. Leasehold Land is at cost less amount written off.
4. The Company has once again revalued on 31st March, 2007 all its Freehold Property, most of which were revalued earlier on 31st March, 1999 by Approved valuers. The consequent increase in the value
of Fixed Assets pursuant to the second revaluation amounted to Rs. 186.90 Crore and has been credited to the Revaluation Reserve A/c.
5. Depreciation for the Year Ended 31st March, 2007 amounts to Rs. 39.32 Crore (Previous Period Rs. 38.90 Crore) from which has been deducted a sum of Rs.1.44 Crore (Previous Period Rs. 1.79 Crore)
being the Depreciation in respect of Revaluation of Fixed Assets which has been drawn from the Revaluation Reserve A/c.
6. Exchange Difference Capitalised/(Decapitalised) during the Period Rs. (1.60) Crore [Previous Period Rs. (0.22 Crore)].
7. Exchange Difference in respect of translation of Oman Fixed Assets Rs. 0.55 Crore [Previous Period Rs. (0.03 Crore)] which is transferred to Foreign Currency Translation reserve.
8. Borrowing cost capitalised to Capital Work In Progress is Rs. 0.21 Crores (Previous Period Nil).
Annual Report 2006-2007